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515 Summer Trace Ln Richmond, TX 77406 Directions

Currently not for sale


Home Value Comparables

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Using a REALTOR is the best way to determine the market price of a home. Start this process by viewing the third-party valuations and then contact a Realtor to determine a reasonable purchase price for a home.

AVM Value
$465K
$126.53/sqft
AVM Value
$463K
$125.96/sqft
AVM Value
$488K
$132.90/sqft
Value Range
$419K - $512K
Value Range
$435K - $491K
Value Range
$488,390
Confidence Score
90%

Margin of Error*: 10%
Confidence Score
95%

Margin of Error*: 6%
Confidence Score
NA


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Limitations: This represents an estimated sales price for this property. It is not the same as the opinion of value in an appraisal developed by a licensed appraiser under the Uniform Standards of Professional Appraisal Practice. The values do not include a physical or visual inspection of the subject property. User shall not use the values in lieu of an appraisal by a licensed appraiser or as a basis for making any financial decision.

Limitations: This represents an estimated sales price for this property. It is not the same as the opinion of value in an appraisal developed by a licensed appraiser under the Uniform Standards of Professional Appraisal Practice. The values do not include a physical or visual inspection of the subject property. User shall not use the values in lieu of an appraisal by a licensed appraiser or as a basis for making any financial decision.

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Updated as of May 2024.

4 Bed(s)
3 Full & 1 Half Bath(s)
3,675 Bldg Sqft.
8,962 Lot Sqft.

General Description

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515 Summer Trace Ln (currently not for sale) is located in Rivers Edge subdivision in Fort Bend County. Scroll to see the property features, tax value, mortgage calculator, nearby schools and similar homes for sale.

The property information herein and below is from the county appraisal district and should be independently verified.

Contact a REALTOR® for an estimate of this property

Status:
Not Currently For Sale
Market Value:
$ 488,390/Appraisal District ($133/sqft.)
Address:
515 Summer Trace Ln
City:
State:
TX
Zip Code:
Subdivision:
Legal Description:
RIVERS EDGE SEC 1, BLOCK 9, LOT 11
Bedrooms:
4 Bedroom(s)
Baths:
3 Full & 1 Half Bath(s)
Stories:
2 /Appraisal District
Building Sqft.:
3,675 /Appraisal District
Year Built:
2005 /Appraisal District
Lot Size:
8,962 Sqft.  /Appraisal District
Garage(s):
2


Rooms/Lot Dimensions

Living:
19X18, 1st
Game Room:
18X18, 2nd
Dining:
12X14, 1st
Kitchen:
18X13, 1st
Primary Bedroom:
21X15, 1st
Bedroom:
15X15, 2nd
Bedroom:
16X13.5, 2nd
Bedroom:
12X14, 2nd
Library:
10.5X15, 1st



Interior Features

Kitchen Desc:
Kitchen open to Family Room,Pantry,Under Cabinet Lighting,Walk-in Pantry
Bedroom Desc:
Primary Bed - 1st Floor
Energy Feature:
Attic Vents,Ceiling Fans,Digital Program Thermostat,Energy Star Appliances,High-Efficiency HVAC,HVAC>13 SEER,Insulated/Low-E windows,Insulation - Blown Fiberglass,Radiant Attic Barrier
Interior:
Crown Molding,Prewired for Alarm System,Spa/Hot Tub,Wired for Sound
Bathroom Description:
Double Sinks,Primary Bath + Separate Shower,Primary w/Tub
Countertop:
GRANITE
Floors:
Carpet,Engineered Wood,Tile
Cooling:
Central Electric,Central Gas
Heating:
Central Electric,Central Gas
Connections:
Electric Dryer Connections,Gas Dryer Connections,Washer Connections
Oven:
Electric Oven
Range:
Gas Cooktop
Fireplace:
2/Gas Connections
Room Description:
1 Living Area,Breakfast Room,Formal Dining,Gameroom Up,Study/Library
Number Of Dinning Area:
1 Living Area,Breakfast Room,Formal Dining,Gameroom Up,Study/Library


Exterior Features

Private Pool Desc:
In Ground,Salt Water
Foundation:
Slab
Roof:
Composition
Water Sewer:
Water District
Lot Description:
Subdivision Lot
Private Pool:
Yes
Exterior Type:
Brick Veneer
Exterior:
Spa/Hot Tub


Lot Information

  Lot Size: 8,962 Lot Sqft. / Appraisal District
Disclaimer: Lot configuration and dimensions are estimates, not based on personal knowledge and come from a third party (Digital Map Products); therefore, you should not rely on the estimates and perform independent confirmation as to their accuracy


Additional Information

Restrictions:
Deed Restrictions
HOA Mandatory:
Yes
Dwelling Type:
Free Standing
*Disclaimer: Listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.


Property Tax

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Cost/sqft based on Market Value
Tax Year Cost/sqft Market Value Change Tax Assessment Change
2023 $132.90 $488,390 17.24% $488,390 17.24%
2022 $113.36 $416,590 32.61% $416,590 32.61%
2021 $85.48 $314,150 1.86% $314,150 1.86%
2020 $83.92 $308,410 2.32% $308,410 2.32%
2019 $82.02 $301,410 -0.20% $301,410 -0.20%
2018 $82.18 $302,010 -4.45% $302,010 -4.45%
2017 $86.01 $316,070 -1.87% $316,070 -0.43%
2016 $87.64 $322,090 5.34% $317,450 10.00%
2015 $83.20 $305,770 16.55% $288,590 10.00%
2014 $71.39 $262,350 1.49% $262,350 1.49%
2013 $70.34 $258,500 $258,500
2023 Fort Bend County Appraisal District Tax Value
Market Land Value: $49,140
Market Improvement Value: $439,250
Total Market Value: $488,390

Tax History
2023 Assessed Value/Appraisal District: $488,390
2022 Assessed Value/Appraisal District: $416,590
2021 Assessed Value/Appraisal District: $314,150
2020 Assessed Value/Appraisal District: $308,410
2019 Assessed Value/Appraisal District: $301,410
2018 Assessed Value/Appraisal District: $302,010
2017 Assessed Value/Appraisal District: $316,070
2016 Assessed Value/Appraisal District: $317,450
2015 Assessed Value/Appraisal District: $288,590
2014 Assessed Value/Appraisal District: $262,350
2013 Assessed Value/Appraisal District: $258,500
Fort Bend County Appraisal District
2023 Tax Rates
LAMAR CISD: 1.2420 %
FT BEND CO GEN: 0.4383 %
FORT BEND DRNG: 0.0129 %
FT BEND MUD 140: 1.0600 %
Total Tax Rate: 2.7532 %

Estimated Mortgage/Tax

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$2,986 Monthly
Estimated Monthly Principal & Interest (Based on the calculation below) $ 1,865
Estimated Monthly Property Tax (Based on Tax Assessment 2023) $ 1,121
Home Owners Insurance Get a Quote
$
Months
Years
$
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$

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Use this mortgage calculator to create and estimate your monthly mortgage payment(principal and interest) and estimates for property taxes(based on past rates).

Subdivision Facts

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2023 Subdivision Facts

Subdivision Name:
Rivers Edge (Richmond)
County / Zip Code:
77406
Single Family Properties:
865
Average Bedrooms:
3.79
Average Baths:
2.99
Median Square Ft.:
2,604
Median Lot Square Ft.:
7,800
Median Year Built:
2008
Median Appraised Value:
$331,363
Neighborhood Value Range:
$243 - $411 K
Median Price / Square ft.:
$142.57

View Price Trends for Rivers Edge (richmond)

Schools

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School information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment. Please contact the school district to determine the schools to which this property is zoned.

ASSIGNED SCHOOLS
Stephen F Austin Elementary School Elementary . EE - 05 . LAMAR CISD
Good
Lamar Cons High School High . 09 - 12 . LAMAR CISD
Average

View Nearby Schools

515 Summer Trace Ln is a 4 Beds, 3 Full Bath(s), property in Richmond TX 77406. View photos, map, tax, nearby homes for sale, home values, school info...

View all homes on Summer Trace Ln

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